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There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in...

Author: /time Magazine | Title: Americans Become A Nation of Renters | 2/17/2009 | See Source »

Presidents shouldn’t appoint just anyone to their administrations, and Harvard offers some great talents. But no matter how smart they are, professors are still human. Groups of likeminded people fall victim to groupthink—sometimes with disastrous results. Indeed, when David Halberstam wrote his account of...

Author: By Brian J. Bolduc, CRIMSON STAFF WRITER | Title: The Best and Brightest | 2/16/2009 | See Source »

It was a simple restatement of existing practice. But it was heralded by some liberals as a change in policy. The Huffington Post ran an article headlined: "Democrats, Minority Groups Relieved That Gregg Won't Oversee Census." Those reports, in turn, disturbed conservative activists who immediately condemned the White House...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

Why does it matter who oversees the census? In very general terms, Republicans would prefer to err on the side of undercounting and Democrats would prefer to err on the side of overcounting. The options can yield very different numbers for demographic groups and localities - and they have significant political...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

It's possible to use statistical modeling and sampling methods to supplement the census in order to arrive at estimated counts of various demographic groups. But there is fierce debate about whether these methods correct or distort the census count. In 1999, the Supreme Court ruled that sampling could not...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

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